1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. New York >
  6. Reddit Acquires Spell

M&A Deal Summary

Reddit Acquires Spell

On June 16, 2022, Reddit acquired internet software and services company Spell

Acquisition Highlights
  • This is Reddit’s 4th transaction in the Internet Software and Services sector.
  • This is Reddit’s 4th transaction in the United States.
  • This is Reddit’s 2nd transaction in New York.

M&A Deal Summary
Date 2022-06-16
Target Spell
Sector Internet Software and Services
Buyer(s) Reddit
Deal Type Add-on Acquisition

Target

Spell

New York, New York, United States
Spell is a SaaS-based AI platform that empowers technology teams to more easily run ML experiments at scale. The company empowers and transforms the global workforce by making deep learning and artificial intelligence accessible to everyone. Its mission is to make sure the technology driving this change is not mysterious and locked away but open and available for everyone. Spell was formed in 2017 and is based in New York, New York.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Reddit

San Francisco, California, United States
Category Company
Founded 2005
Sector Internet Software and Services
DESCRIPTION

Reddit is an online platform that brings together a diverse and global community of users to share, discuss, and discover content on a vast array of topics. As a social news aggregation and discussion website, Reddit enables individuals and communities to engage in conversations, exchange ideas, and contribute to an ever-evolving tapestry of knowledge and entertainment. Reddit was founded in 2005 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Dubsmash

New York, New York, United States

Dubsmash is a mobile consumer focused company that helps users create short form videos to share.

Buy -
Mergr

Solution for

Product

Company

Legal